How to Invest in LIC MF Money Market Fund Direct Growth?

You can easily invest in LIC MF Money Market Fund Direct Growth in a hassle-free manner on Groww. The process is extremely simple, quick and completely paperless. Invest in a few minutes with the following steps: Log on to your Groww account Search for LIC MF Money Market Fund Direct Growth from the search box In order to invest, you will have to complete all the KYC formalities which are completely online and paperless and take a few minutes to complete Once you are done with that, you can start investing in LIC MF Money Market Fund Direct Growth as SIP or lumpsum as per your investment objective and risk tolerance

What kind of returns does LIC MF Money Market Fund Direct Growth provide?

The LIC MF Money Market Fund Direct Growth has been there from 01 Aug 2022 and the average annual returns provided by this fund is 6.66% since its inception.

How much expense ratio is charged by LIC MF Money Market Fund Direct Growth?

The term Expense Ratio used for LIC MF Money Market Fund Direct Growth or any other mutual fund is the annual charges one needs to pay to the Mutual Fund company for managing your investments in that fund. The Expense Ratio of LIC MF Money Market Fund Direct Growth is 0.18% as of 07 Dec 2023...

What is the AUM of LIC MF Money Market Fund Direct Growth?

The AUM, short for Assets Under Management of LIC MF Money Market Fund Direct Growth is ₹29.62Cr as of 07 Dec 2023.

How to Redeem LIC MF Money Market Fund Direct Growth?

If you want to sell your LIC MF Money Market Fund Direct Growth holdings, go to your holding on the app or web and simply click on it. You will get two options - redeem & invest more; click on redeem and enter your desired amount or if you wish to redeem the entire holding amount then select the 'redeem all' checkbox.

Can I invest in SIP and Lump Sum of LIC MF Money Market Fund Direct Growth?

You can select either SIP or Lumpsum investment of LIC MF Money Market Fund Direct Growth based on your investment objective and risk tolerance.

What is the NAV of LIC MF Money Market Fund Direct Growth?

The NAV of LIC MF Money Market Fund Direct Growth is ₹1,085.36 as of 06 Dec 2023.

What is the PE and PB ratio of LIC MF Money Market Fund Direct Growth?

The PE ratio ratio of LIC MF Money Market Fund Direct Growth is determined by dividing the market price by its earnings per share and the PB ratio of the same is evaluated by dividing the stock price per share by its book value per share (BVPS).

LIC MF Money Market Fund Direct Growth - NAV, Mutual Fund Performance & Portfolio

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LIC MF Money Market Fund Direct Growth
Debt
Money Market
Low Risk
1M
6M
1Y
All
 NAV: 06 Dec 2023₹1,085.36
Min. SIP amount₹1,000
RatingNA
Fund size₹29.62Cr
Return calculator
Monthly SIP
One-Time
₹5,000 per month
Over the past
Total investment of ₹0
Would have become ₹ (%)
Understand termsAnnualised returnsAverage of the yearly returns of a mutual fund over a given period.
Absolute returnsThe total return of a mutual fund over a given period.
Returns and rankingsCategory: Debt Money Market
Absolute returns
3M6M1YAll
Fund returns1.7%3.4%6.7%8.3%
Category averageNANA7.0%NA
Rank with in category212122NA
Understand terms
Holdings (2)NameSectorInstrumentAssets
Reserve Bank of India
FinancialT-Bills49.1%
Reserve Bank of India
FinancialT-Bills16.8%
DisclaimerThis content is derived from publicly available information, internal sources, and other third-party sources believed to be reliable. We, at Nextbillion Technology Pvt. Ltd. (Groww), do not guarantee the accuracy of such information, or assure its completeness, or warrant that such information will not be changed.
All comparisons are done with the category average metrics for this category.
Pros and cons
Category: Debt Money Market
Pros
Cons
Exit load is zero
1Y annualised returns lower than category average by 0.35%
Lower expense ratio: 0.18%
Understand termsExpense ratioA fee payable to a mutual fund house for managing your mutual fund investments. It is the total percentage of a company’s fund assets used for administrative, management, advertising, and other expenses.
TaxA percentage of your capital gains payable to the government upon exiting your mutual fund investments. Taxation is categorized as long-term capital gains (LTCG) and short-term capital gains (STCG) depending on your holding period and the type of fund.
Exit loadA fee payable to a mutual fund house for exiting a fund (fully or partially) before the completion of a specified period from the date of investment.
Stamp dutyA form of tax payable for the purchase or sale of an asset or security. 
Past expense ratio & exit load
Expense ratio
Exit load
03 Dec 2023 - Present
0.18%
02 Dec 2023 - 03 Dec 2023
0.18%
01 Dec 2023 - 02 Dec 2023
0.18%
30 Nov 2023 - 01 Dec 2023
0.18%
29 Nov 2023 - 30 Nov 2023
0.18%
28 Nov 2023 - 29 Nov 2023
0.18%
27 Nov 2023 - 28 Nov 2023
0.18%
26 Nov 2023 - 27 Nov 2023
0.18%
25 Nov 2023 - 26 Nov 2023
0.18%
24 Nov 2023 - 25 Nov 2023
0.18%
23 Nov 2023 - 24 Nov 2023
0.18%
22 Nov 2023 - 23 Nov 2023
0.18%
21 Nov 2023 - 22 Nov 2023
0.18%
20 Nov 2023 - 21 Nov 2023
0.18%
19 Nov 2023 - 20 Nov 2023
0.18%
18 Nov 2023 - 19 Nov 2023
0.18%
17 Nov 2023 - 18 Nov 2023
0.18%
16 Nov 2023 - 17 Nov 2023
0.18%
15 Nov 2023 - 16 Nov 2023
0.18%
14 Nov 2023 - 15 Nov 2023
0.18%
13 Nov 2023 - 14 Nov 2023
0.18%
12 Nov 2023 - 13 Nov 2023
0.18%
11 Nov 2023 - 12 Nov 2023
0.18%
10 Nov 2023 - 11 Nov 2023
0.18%
09 Nov 2023 - 10 Nov 2023
0.18%
08 Nov 2023 - 09 Nov 2023
0.18%
07 Nov 2023 - 08 Nov 2023
0.18%
06 Nov 2023 - 07 Nov 2023
0.18%
05 Nov 2023 - 06 Nov 2023
0.18%
04 Nov 2023 - 05 Nov 2023
0.18%
03 Nov 2023 - 04 Nov 2023
0.18%
02 Nov 2023 - 03 Nov 2023
0.18%
01 Nov 2023 - 02 Nov 2023
0.18%
31 Oct 2023 - 01 Nov 2023
0.18%
30 Oct 2023 - 31 Oct 2023
0.18%
29 Oct 2023 - 30 Oct 2023
0.18%
28 Oct 2023 - 29 Oct 2023
0.18%
27 Oct 2023 - 28 Oct 2023
0.18%
26 Oct 2023 - 27 Oct 2023
0.18%
25 Oct 2023 - 26 Oct 2023
0.18%
24 Oct 2023 - 25 Oct 2023
0.18%
23 Oct 2023 - 24 Oct 2023
0.18%
22 Oct 2023 - 23 Oct 2023
0.18%
21 Oct 2023 - 22 Oct 2023
0.18%
20 Oct 2023 - 21 Oct 2023
0.18%
19 Oct 2023 - 20 Oct 2023
0.18%
18 Oct 2023 - 19 Oct 2023
0.18%
17 Oct 2023 - 18 Oct 2023
0.18%
16 Oct 2023 - 17 Oct 2023
0.18%
15 Oct 2023 - 16 Oct 2023
0.18%
14 Oct 2023 - 15 Oct 2023
0.18%
13 Oct 2023 - 14 Oct 2023
0.18%
12 Oct 2023 - 13 Oct 2023
0.18%
11 Oct 2023 - 12 Oct 2023
0.18%
10 Oct 2023 - 11 Oct 2023
0.18%
09 Oct 2023 - 10 Oct 2023
0.18%
08 Oct 2023 - 09 Oct 2023
0.18%
07 Oct 2023 - 08 Oct 2023
0.18%
06 Oct 2023 - 07 Oct 2023
0.18%
05 Oct 2023 - 06 Oct 2023
0.18%
04 Oct 2023 - 05 Oct 2023
0.18%
03 Oct 2023 - 04 Oct 2023
0.18%
02 Oct 2023 - 03 Oct 2023
0.18%
01 Oct 2023 - 02 Oct 2023
0.18%
30 Sep 2023 - 01 Oct 2023
0.18%
29 Sep 2023 - 30 Sep 2023
0.18%
28 Sep 2023 - 29 Sep 2023
0.18%
27 Sep 2023 - 28 Sep 2023
0.18%
26 Sep 2023 - 27 Sep 2023
0.18%
25 Sep 2023 - 26 Sep 2023
0.18%
24 Sep 2023 - 25 Sep 2023
0.18%
23 Sep 2023 - 24 Sep 2023
0.18%
22 Sep 2023 - 23 Sep 2023
0.18%
21 Sep 2023 - 22 Sep 2023
0.18%
20 Sep 2023 - 21 Sep 2023
0.18%
19 Sep 2023 - 20 Sep 2023
0.18%
18 Sep 2023 - 19 Sep 2023
0.18%
17 Sep 2023 - 18 Sep 2023
0.18%
16 Sep 2023 - 17 Sep 2023
0.18%
15 Sep 2023 - 16 Sep 2023
0.18%
14 Sep 2023 - 15 Sep 2023
0.18%
13 Sep 2023 - 14 Sep 2023
0.18%
12 Sep 2023 - 13 Sep 2023
0.18%
11 Sep 2023 - 12 Sep 2023
0.18%
10 Sep 2023 - 11 Sep 2023
0.18%
09 Sep 2023 - 10 Sep 2023
0.18%
08 Sep 2023 - 09 Sep 2023
0.18%
07 Sep 2023 - 08 Sep 2023
0.18%
06 Sep 2023 - 07 Sep 2023
0.18%
05 Sep 2023 - 06 Sep 2023
0.18%
04 Sep 2023 - 05 Sep 2023
0.18%
03 Sep 2023 - 04 Sep 2023
0.18%
02 Sep 2023 - 03 Sep 2023
0.18%
01 Sep 2023 - 02 Sep 2023
0.18%
31 Aug 2023 - 01 Sep 2023
0.18%
31 Jul 2023 - 31 Aug 2023
0.18%
30 Jun 2023 - 31 Jul 2023
0.18%
31 May 2023 - 30 Jun 2023
0.18%
30 Apr 2023 - 31 May 2023
0.18%
31 Mar 2023 - 30 Apr 2023
0.18%
28 Feb 2023 - 31 Mar 2023
0.18%
31 Jan 2023 - 28 Feb 2023
0.18%
31 Dec 2022 - 31 Jan 2023
0.18%
31 Dec 2022 - 31 Dec 2022
0.18%
31 Dec 2022 - 31 Dec 2022
0.18%
30 Nov 2022 - 31 Dec 2022
0.18%
30 Nov 2022 - 30 Nov 2022
0.18%
30 Nov 2022 - 30 Nov 2022
0.18%
31 Oct 2022 - 30 Nov 2022
0.18%
31 Oct 2022 - 31 Oct 2022
0.18%
31 Oct 2022 - 31 Oct 2022
0.18%
31 Oct 2022 - 31 Oct 2022
0.18%
30 Sep 2022 - 31 Oct 2022
0.18%
30 Sep 2022 - 30 Sep 2022
0.18%
30 Sep 2022 - 30 Sep 2022
0.18%
31 Aug 2022 - 30 Sep 2022
0.18%
31 Aug 2022 - 31 Aug 2022
0.18%
Expense ratio, exit load and taxExpense ratio: 0.18%Inclusive of GST
Exit loadNil
Stamp duty0.005% (from July 1st, 2020)
Tax implicationReturns are taxed as per your Income Tax slab.
Understand terms
Check past data
Minimum investment amountsMin. for 1st investment₹5,000
Min. for 2nd investment onwards₹500
Min. for SIP₹1,000
Fund managementRahul Singh
Jul 2022 - Present
View details
Education
Mr. Singh is a B.Sc Economic Hons.and holds a PGDM from IIM-A.
Experience
Prior to joining LIC Nomura Mutual Fund , he has worked with BOI AXA Investment Managers(August 2009-August 2015) , ING Investment Management (May 2008- August 2009) Standard Chartered Bank (intern)( April 2007- May 2007) and Ashika Capital ( Jan 2004 - April 2006).
Also manages these schemes
LIC MF Liquid Fund Direct Growth
LIC MF Low Duration Fund Direct Growth
LIC MF Overnight Fund Direct Growth
LIC MF Ultra Short Duration Fund Direct Growth
LIC MF Balanced Advantage Fund Direct Growth
LIC MF Money Market Fund Direct Growth
Fund house & investment objective
LIC Mutual Fund
Rank (total assets)#20 in India
Total AUM₹17,913.46Cr
Date of Incorporation20 Apr 1994
 LIC MF Money Market Fund Direct Growth is a Debt Mutual Fund Scheme launched by LIC Mutual Fund. This scheme was made available to investors on 20 Apr 1994. Rahul Singh is the Current Fund Manager of LIC MF Money Market Fund Direct Growth fund. The fund currently has an Asset Under Management(AUM) of ₹17,913 Cr and the Latest NAV as of 06 Dec 2023 is ₹1,085.36.
The LIC MF Money Market Fund Direct Growth is rated Low risk. Minimum SIP Investment is set to ₹1,000. Minimum Lumpsum Investment is ₹5,000.
;
Investment ObjectiveThe scheme seeks to generate income through investment in a portfolio comprising of money market instruments.
;
Fund benchmarkNIFTY Money Market Index B-I
Scheme Information Document(SID)
Fund house contact details
Address
Industrial Assurance Building4th Floor, Opp. Churchgate Station Mumbai 400020
Phone
022-66016000 / 1800-258-5678
Launch Date
20 Apr 1994
E-mail
[email protected]
Website
www.licmf.com
LIC Mutual Fund
Asset Management Company
Custodian
Standard Chartered Bank
Registrar & Transfer Agent
KFin Tech
Address
Karvy House, No. 46, 8-2-609/K, Avenue 4, Street No.1 Banjara Hills,
Email
[email protected]
Website
www.karvymfs.com
Compare funds
LIC MF Money Market Fund Direct Growth
VS
Add mutual fund to compare

	3M	6M	1Y	All
Fund returns	1.7%	3.4%	6.7%	8.3%
Category average	NA	NA	7.0%	NA
Rank with in category	21	21	22	NA

Name	Sector	Instrument	Assets
Reserve Bank of India	Financial	T-Bills	49.1%
Reserve Bank of India	Financial	T-Bills	16.8%

Rank (total assets)	#20 in India
Total AUM	₹17,913.46Cr

Date of Incorporation	20 Apr 1994

Fund benchmark	NIFTY Money Market Index B-I

Vaishnavi Tech Park, 3rd & 4th Floor
Sarjapur Main Road, Bellandur
Bengaluru – 560103
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Min. for 1st investment	₹5,000
Min. for 2nd investment onwards	₹500

Rating	NA
Fund size	₹29.62Cr

LIC MF Money Market Fund Direct Growth

Return calculator

Understand terms

Annualised returns

Absolute returns

Returns and rankings

Holdings (2)

Disclaimer

Pros and cons

Pros

Cons

Understand terms

Expense ratio

Tax

Exit load

Stamp duty

Past expense ratio & exit load

Expense ratio, exit load and tax

Expense ratio: 0.18%

Exit load

Stamp duty

Tax implication

Minimum investment amounts

Fund management

Rahul SinghJul 2022 - PresentView details

Fund house & investment objective

Fund house contact details

Compare funds

Rahul Singh
Jul 2022 - Present
View details